HAMA PAD - A Simple Trading Approach - page 167
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fxcruiserAnother nice Crest Scalp On EurChf
This time the compression was on the TMT bands, then the release. I entered the trade after the close of the first bar when the TMT broke above it's bands.
Let me start with this scalp trade on GU and GJ. This is the beauty in Z CREST - it's flexibility and adaptability in all market conditions. I mentioned earlier in the trading room that most pairs at the moment were/are on narrow trading range so scalp with caution and care. Since some of readers want to see me, in particular, to post losing trade/s here is an example of winning trades where one pair turn into a loser, inspite of AIYOBI. So take a look at how these two scalp trade on demo account came about.
ENJOY!
fxcruiser
Since some of readers want to see me, in particular, to post losing trade/s here is an example of winning trades where one pair turn into a loser, inspite of AIYOBI. So take a look at how these two scalp trade on demo account came about.
ENJOY!
fxcruiserThanks for the post EJ. This is one of the hardest things to learn, not all trades are winners and to except losses. I am still learning this but the sooner I get out of losers the better my bottom lines gets.
HS
Thanks for the post EJ. This is one of the hardest things to learn, not all trades are winners and to except losses. I am still learning this but the sooner I get out of losers the better my bottom lines gets. HS
Losses [and drawdowns] are part of this game. Traders have to take the responsibility to accept and manage those. Yes, make every effort to avoid and/or minimize it. You see, this is one game where we make our own rules on how we play each and every move. Traders most often than not fail to follow their own trading system rules because the mindset and emotion come into play. For this reason, I work with you and other active members on this subject first and foremost, ahead of the technical stuff. Large losses are incurred because of reckless trading practices. Our AIYOBI concept will help a lot on these issues.
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fxcruiser
Here's how the BIG Board Index were moving at the given time on the chart. This is one of the tools I use to trade eminis, among others. I trade them also but not as often. The next set of charts are the eminis. I don't trade NQ so it is not shown on this set. Take note of the timing, momemtum, and trend direction of these instruments.
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fxcruiser
I got permission [one time only] to post this chart showing one of the trades taken on ER2 for this youngster's live account. The price initially move against the trade turning a minimal negative drawdown and thereafter turned around to take its expected downtrend course for 2 points or $200.00. Second trade was for 1.3 points or $130. The kid made $330 minus commission for less than half a day's trading. Not bad for a 23 year old. Paul, Langston, Jason, and other members/readers in the same age bracket, take note of this.
ENJOY!
fxcruiser
Shown on this GBPJPY chart is what helps us avoid losses, when not to trade and when to trade, and how simple the indicators we use in enabling the trader/user to detect these conditions.
Take note of the flexibility of H2 or Z CREST on H2 or stand alone and its adaptability as shown on some of our members posted trade charts using different time frames and confirming indicators. In HAMA Traders Lounge, we have the FREEDOM and flexibility to trade the method with an approach most comfortable to us. Same rules, same play, similar results! The fact that I am using m1 with no other confirming indicators on the chart does not require the others to do the same. Our system, method, or approach were all built to suit the trader and the market condition of the instrument traded.
The trade charts and the results are being posted NOT to impress you rather it is done in such a manner to impress UPON you how and when trades are taken. It is intended as an educational tool so that even though you may not be a member of our lounge and do not have our indicators set and system rules, you can, hopefully, learn on the general methodolgy on how the trade evolves and how those results are achieved. We are not here to show you some tabulated results rather show you how we play to score them pips. Take a look at some of those charts and get some helpful tips you can apply in your respective trading method, regardless of indicators you use.
Next week [after I get back from my short desert get away], I will be posting the generic indicators I use so you can build one for yourself, in case, you really feel indifferent about joining our lounge. You don't have to pay me or anyone else any subscription fee to trade your way using some approach you may have learned from this thread and others. As I have previously stated earlier from the very beginning, HAMA Traders Lounge is not intended for commercial purposes. My business is trading and that's how I will always make my money regardless of how much to meet my financial needs and my lifestyle. More on this later on.
In meantime, here is the GBPJPY chart.
ENJOY!
fxcruiser
Shown on this GBPJPY chart is what helps us avoid losses, when not to trade and when to trade, and how simple the indicators we use in enabling the trader/user to detect these conditions.
Take note of the flexibility of H2 or Z CREST on H2 or stand alone and its adaptability as shown on some of our members posted trade charts using different time frames and confirming indicators. In HAMA Traders Lounge, we have the FREEDOM and flexibility to trade the method with an approach most comfortable to us. Same rules, same play, similar results! The fact that I am using m1 with no other confirming indicators on the chart does not require the others to do the same. Our system, method, or approach were all built to suit the trader and the market condition of the instrument traded.
The trade charts and the results are being posted NOT to impress you rather it is done in such a manner to impress UPON you how and when trades are taken. It is intended as an educational tool so that even though you may not be a member of our lounge and do not have our indicators set and system rules, you can, hopefully, learn on the general methodolgy on how the trade evolves and how those results are achieved. We are not here to show you some tabulated results rather show you how we play to score them pips. Take a look at some of those charts and get some helpful tips you can apply in your respective trading method, regardless of indicators you use.
Next week [after I get back from my short desert get away], I will be posting the generic indicators I use so you can build one for yourself, in case, you really feel indifferent about joining our lounge. You don't have to pay me or anyone else any subscription fee to trade your way using some approach you may have learned from this thread and others. As I have previously stated earlier from the very beginning, HAMA Traders Lounge is not intended for commercial purposes. My business is trading and that's how I will always make my money regardless of how much to meet my financial needs and my lifestyle. More on this later on.
In meantime, here is the GBPJPY chart.
ENJOY!
fxcruiserThis is a great post...making all the right implications.
I Agree
I agree. It is great to see someone with principles, who is probably abundant, and prepared to help others. Without a monthly fee also! Up into the light FXCruiser, you good soul!